Sen. Paul Introduces Biosimilars Bill
U.S. senator Rand Paul (R-KY) has introduced legislation to streamline the approval process for biosimilars by “eliminating costly and redundant clinical study requirements.” The Expedited Access to Biosimilars Act is intended to “increase market competition, lower drug prices, and increase access to more life-saving treatments,” Paul says in a release. “For too long, the FDA has forced companies to jump through bureaucratic hoops and produce redundant clinical studies that offer no new meaningful scientific information for the approval process. My bill puts an end to wasteful and repetitive clinical requirements that create unjustified barriers, further delaying competition in the market.” The legislation will:
- Retain FDA’s requirement for pharmacokinetic studies, and eliminate a blanket requirement of immunogenicity, pharmacodynamics, and clinical efficacy requirements unless scientifically warranted.
- Require the agency to justify any additional study requirements.
- Accelerate market entrance and competition for biosimilars that are priced lower than brand-name products.
To view the bill, click here.